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Solo GP Ashley Smith announces second $25M fund to back startups in AI, securityand more

Vermilion Cliffs Ventures, led by solo GP Ashley Smith, announced the closing of its second fund at $25 million to support startups in AI, security, and development tools. The fund aims to invest in at least 25 companies over the next 2.5 years, building on Smith's experience from major tech firms to assist founders with effective market strategies.

Key points

  • Vermilion Cliffs Ventures closes $25 million Fund II.
  • Founded in 2023 by Ashley Smith, a solo woman GP in venture capital.
  • Focus on backing technical founders in AI infrastructure, security, and development tools.
  • Raised the fund in approximately four months, mainly from existing investors.
  • Average investment size will be between $500,000 and $1 million.
  • Plans to invest in at least 25 startups over 2.5 years, already backed 6 companies.
  • First fund was $13 million, backing 35 companies including Keycard and CopilotKit.
  • Smith's expertise includes roles at Twilio, Facebook, GitHub, and GitLab.
  • Focuses on helping founders with go-to-market strategies to avoid costly mistakes.

Why it matters

  • The rise of women in venture capital aligns with increasing diversity efforts in tech funding.
  • Growth in AI and cybersecurity investments reflects broader trends in tech due to rising digital threats.
  • 2025 IT trends indicate increasing reliance on AI and security solutions, making the fund's focus timely.
  • The entrepreneurial landscape has shifted towards supporting technical and specialized founders.

Ashley Smith's new fund exemplifies the growing trend of targeted investments in AI and security, addressing critical market needs while supporting diverse leadership in venture capital.